This is the most expensive neighborhood in NYC

New York City’s most expensive neighborhood just got even pricier.

That’s according to a new study from real-estate data portal PropertyShark, which has crowned Hudson Yards on Manhattan’s far west side for the top spot with a median home sale price of $7.5 million. For nearly five years, this district — known for its shops, towering buildings and Vessel sculpture — has kept this privileged position in PropertyShark’s ranking.

What’s more, the current median of $7.5 million marks quite a rise from the $5.75 million median home sale price tallied in Hudson Yards last year. Still, PropertyShark adds, the number of deals for homes in the area fell year-over-year by 62%, marking one of the most significant annual sales drops among the city’s most expensive areas.

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PropertyShark analyzed closed property sales recorded in the city Department of Finance’s ACRIS system between April 1 and June 30, 2023 — and April 1 and June 30, 2024 — to calculate median sale prices. In the mix were deals for condos, co-ops and single-family homes, such as townhouses.

Hudson Yards’ staggering median sale price is more than double that of New York’s second priciest neighborhood — long-prime Soho — which is $3.1 million. According to the New York Times , the median of Hudson Yards represents just five sales during the quarter, while Soho had a total of 37.

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Among the sales in Hudson Yards in that time period: a $7.5 million deal for a 3,099-square-foot three-bedroom corner condominium — one with sprawling Hudson River views — at 35 Hudson Yards, according to StreetEasy records. Meanwhile, one of the 37 sales to close in Soho during that period was a $2.25 million deal for a two-bedroom, two-bathroom condo with 10-foot ceilings at 210 Lafayette St., StreetEasy also shows .

Tribeca came in third, with a median of $2.9 million. Hudson Square, a western subset of Soho, was in fourth with a $2.46 million median. Little Italy, in fifth, had a $2.4 million median. Though in the sixth spot, Chinatown returned to the top 10 for the first time in two years due to a 79% year-over-year jump in median home sale prices, which brought its figure today to $2.03 million.

In Brooklyn, and also in the top 10, came Cobble Hill and Carroll Gardens. their respective median sale prices were $1.96 million and $1.95 million.

Both areas, similar to Hudson Yards, also saw slowdowns in annual sales. Cobble Hill had a 48% year-over-year decline, while Carroll Gardens saw a steep 63% yearly fall.

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